Again, enforcing the lease; failure to do so could result in you not being granted an eviction the first go round.If she needs housing assistance, those programs are available in just about every municipality and the tenant needs to arrange it BEFORE the rent is due.Again, this your business.

@Erin M.You could perform basic administrative functions such as paying bills, selecting contractor, arranging repairs, etc. 

I decided to do a lender borrower arrangement for this deal.

Everything Mario tells you is a lie and he hasn’t lived up to or kept any of the terms of the arrangement he made with us.

I arranged to have a handyman rehab the unit while I was out of town the first week of this month.  

Despite this awesome arrangement, the city's mismanagement has caught up with it, and property taxes inside the city are beginning to skyrocket.Illinois has two saving graces: New York and California. 

If you're a first time flipper, I recommend getting your cash/private money/hard money financing arranged first and then find a willing agent to shepherd you through the acquisition and ARV estimation. 

The reason I do not utilize the purchase option is that I don't really want the property and most investors wont enter in to that type of arrangement. 

Any and all advice on this arrangement would be super appreciated!

@Eric Trompeter I am working on setting up a similar arrangement right now.